Market News
Arch Coal Files for Bankruptcy
Wall Street Journal - 11 Jan 2016 14:57
Arch Coal, one of the U.S.'s largest coal producers, filed for chapter 11 bankruptcy protection Monday in a bid to trim $4.5 billion in debt from its balance sheet to counter decreased demand and falling prices for its p...
This Chinese Developer Is No Grand Slam
Wall Street Journal - 11 Jan 2016 14:11
Evergrande Real Estate's borrow-and-buy binge continues.
Daily Dividend Report: VET, HPT, SNH, SNX, CBT, SIR
Forbes - 11 Jan 2016 23:56
Vermilion Energy (VET) announced a cash dividend of $0.215 CDN per share payable on February 16, 2016 to all shareholders of record on January 22, 2016. The ex-dividend date for this payment is January 20, 2016.
Monday's ETF with Unusual Volume: DWAS
Forbes - 11 Jan 2016 23:47
The PowerShares DWA SmallCap Momentum Portfolio ETF (DWAS) is seeing unusually high volume in afternoon trading Monday, with over 1.6 million shares traded versus three month average volume of about 89,000. Shares of DWA...
Monday's ETF Movers: XLP, XBI
Forbes - 11 Jan 2016 23:46
In trading on Monday, the Consumer Staples Select Sector SPDR Fund ETF (XLP) is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Philip Morris Inter...
Monday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
Forbes - 11 Jan 2016 23:44
In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 6.2%. Helping drag down the group were shares of Halcon Resources (HK), off about 24.6% and shares of Appro...
Monday Sector Leaders: Grocery & Drug Stores, Water Utilities
Forbes - 11 Jan 2016 23:43
In trading on Monday, grocery & drug stores shares were relative leaders, up on the day by about 0.7%. Leading the group were shares of Primo Water (PRMW), up about 4.6% and shares of Ingles Markets (IMKTA) up about 4% o...
For Kohl's, This Sale May Be the Best of All
Wall Street Journal - 11 Jan 2016 23:40
If it goes private, Kohl's will be able to undergo the somewhat painful process of sales moving online outside the public eye.
Alcoa's Revenue Drops Sharply Amid Commodity Rout
Forbes - 11 Jan 2016 23:25
Alcoa kicked off the fourth quarter earnings season on Monday with mixed results, as the precipitous decline in aluminum prices continued to weigh on results.
China dumps treasuries as world sees no better place for refuge
livemint.com - 11 Jan 2016 22:13David Bowie: The Man Who Sold the World...and Bonds
Wall Street Journal - 11 Jan 2016 22:06
David Bowie will be remembered for pushing the boundaries of music and fashion. But he also blazed trails in finance.
Railroad CSX Sees Clearer Tracks Ahead
Wall Street Journal - 11 Jan 2016 22:03
After a tough year and with Wall Street so downbeat, CSX shares are attractively priced and look poised for a rebound.
Why China's Market Illness Has Gotten More Contagious
Wall Street Journal - 11 Jan 2016 22:00
The global stock rout set off by China last week heralds a new era of increased world-wide influence for the country's isolated stock market, as investors worry about management of the nation's huge economy.
David Bowie Was An Innovator With His Music And His Bonds
Forbes - 11 Jan 2016 21:33
With the very sad news of the passing of music legend David Bowie, the first word that came to my mind was collaboration. Obviously, Bowie was a musical genius, but his gift for collaboration existed beyond his musical p...
Monday Sector Laggards: Energy, Materials
Forbes - 11 Jan 2016 21:32
In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 3.7% loss. Within the sector, Williams Cos Inc (NYSE: WMB) and Marathon Oil Corp. (NYSE: MRO) are two of the day's laggards, showin...
Monday Sector Leaders: Utilities, Consumer Products
Forbes - 11 Jan 2016 21:31
Looking at the sectors faring best as of midday Monday, shares of Utilities companies are outperforming other sectors, losing just 0.1%. Within that group, Pepco Holdings Inc. (NYSE: POM) and Sempra Energy (NYSE: SRE) ar...
Good news from the OECD Composite Leading Indicators
livemint.com - 11 Jan 2016 21:11
The Chinese economy will soon find a bottom, while weakness in the US should stay the Fed's hand in raising rates further. That should be good for markets, with firming growth in India
Sintex stock sheds 7% on lacklustre guidance
livemint.com - 11 Jan 2016 21:10
The main disappointment for investors could well have stemmed from lower guidance
The pain in emerging market bonds
livemint.com - 11 Jan 2016 21:10
It's not just emerging market stocks and currencies that have been hit by the contagion from China, bond spreads too have widened
Weak markets: What will bend the trend?
livemint.com - 11 Jan 2016 21:09
Markets have had a drubbing since the beginning of the year and, unless it's 'Apocalypse Now', the question is: what could cause the trend to bend?
How Gold Got Its Groove Back
Forbes - 11 Jan 2016 21:07
Who says gold lost its appeal as a safe haven asset? After five straight positive trading sessions last week, the yellow metal climbed above $1,100, its highest level in nine weeks.
Shire's Baxalta Deal: Confidence Knocked
Wall Street Journal - 11 Jan 2016 21:01
Shire's $32 billion deal to buy Baxalta prompted a sharp drop in its stock. Shire needs to prove that, in its impatience to do deals, it hasn't lost its touch.